The Magellan distribution and taxes

The Fidelity Report blogger has posted about Fidelity Magellan's massive distribution last week.

He/She makes a good point about large mutual fund distributions and the tax consequences for funds held outside of retirement accounts. It's basic advice that most of you already know, but worth visiting if you are just getting started on saving and investing using mutual funds.

Read this post on the PFBlog.com/fidelityobserver mirror -- Reader comments often appear there that won't show up on this page. You can leave comments on either page, I'll read 'em all!